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Bank Loan Category

Bank-loan portfolios primarily invest in floating-rate bank loans instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmark such as the London interbank offered rate, or LIBOR.

Abbreviation: BL

Broad Asset Class: Taxable Bond

Primary Index: Barclays Aggregate Bond

Secondary Index: Barclays 1-5 Year Govt/Credit Bond